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Martin L. Leibowitz, Stanley Kogelman - Franchise Value and the Price/Earnings Ratio

Posted on 2010-07-04




Name:Martin L. Leibowitz, Stanley Kogelman - Franchise Value and the Price/Earnings Ratio
ASIN/ISBN:0943205212
Publisher:Blackwell Publishers
Publish Date:0943205212
Pages:241 pages
File size:10.47 Mb
Publisher: Research Foundation of AIMR & Blackwell Publishers
Publish Date: 1994-06
ISBN: 0943205212
File Type: PDF
Pages: 241 pages
File Size: 10.47 MB
   Martin L. Leibowitz, Stanley Kogelman - Franchise Value and the Price/Earnings Ratio

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This monograph develops the franchise value approach to analyzing the prospective cash flows that determine a company's price-to-earnings ratio. The franchise factor model retains the simplicity and intuitive appeal of the dividend discount model, but it offers the advantages of flexibility in application and insight into the components of P/E growth.

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